Disruptie en innnovatie zijn alomtegenwoordig en hebben wereldwijd grote invloed op bedrijven en sectoren. Ondernemingen die vandaag als maatgevend worden gezien, kunnen morgen wellicht verdwenen zijn. Van de vele start-ups die er zijn zullen maar weinigen zich ontwikkelen tot een
Preferred Sectors: Health Care, Technology and Consumer
The Nordic region hosts a number of globally leading players within their respective niches, having demonstrated their ability to grow both more profitably and faster than the underlying market. Strong balance sheets also imply attractive EVmultiples. Aggregate implicit risk premium
The economic backdrop in 2019 has been characterized by weakness in manufacturing being offset by the resilience of services and the health of the consumer. However, the past few weeks have seen a deceleration in the pace of employment growth
For some time now, our relatively downbeat outlook for corporate earnings has been a key driver of our cautious stance on risk assets and equities. Our outlook reflects our macroeconomic view, which sees a world where global growth is running
We maintain our underweight on Japan equities, yet see the recent rally as a preview of their potential if trade tensions were to fade. Signs that weakness caused by the protectionist push is spreading beyond manufacturing have cast a shadow
At GAM Investments’ Weekly Investment Meeting held on 9 October 2019 the speakers were Jian Shi Cortesi, who discussed her views on Asia and China equities, and Lars Jaeger, who emphasised the importance of ARP strategies being diversified.
Our thematic provides an analysis of the investment opportunity presented by the US cannabis industry and builds a case for its attractiveness both in absolute terms and relative to other cannabis investment opportunities in Canadian and international markets. We examine
Asset managers can lead in equity impact investing Assets in impact investing strategies more than doubled from 2018 to 2019, to USD 502 bn1 , targeting solutions for challenges including global poverty, water scarcity and climate change. We believe that
Jeremy Podger and other members of our global equities team met recently for their quarterly review covering macro, markets and stocks and where they think the world is heading from an equity investing perspective. Take a look at the areas
“In Wall Street parlance a “tenbagger” is a stock in which you’ve made ten times your money. I suspect this highly technical term has been borrowed from baseball, which only goes up to a fourbagger, or home run. In my
Adopt a truly global approach, delve deeper, and have high conviction. We have enjoyed a remarkable period for equity investing since the global financial crisis, marked by both volatility and opportunity on an unprecedented scale. Since the launch of the
SKAGEN kent u wellicht, Storebrand mogelijk nog niet. Toch zijn deze twee Noorse fund managers nauw met elkaar verbonden. SKAGEN is onderdeel van Storebrand Asset Management, volgens een recent rapport van Morningstar de grootste duurzame asset manager van Europa. SKAGEN
We introduce a new risk profile of the equity market – a collection of five reliable indicators of market strain – to help identify different risk regimes and associated tail-risk. Conventional risk metrics such as standard deviation, VIX and GARCH
Global equity markets declined over August, as trade tensions between the United States and China escalated. Throughout the month it became increasingly clear that neither side was willing to budge on its position and tariffs planned for September would indeed
While September seems to have brought calmer markets at the headline level, beneath the surface this has not been the case. The past few weeks have seen momentum and growth trades come under pressure, with value outperforming growth by 4.1%
For the past 10 years, I have been positive about the prospects for equities. But at the end of May, I downgraded my view to neutral as the trade war between the US and China escalated. The rhetoric between the
There may be few alternatives to equities. However, that is no longer a sufficient reason to buy into every dip. Despite some warning signs, it is probably too early to give up on equities, especially if and when leading economic
Contrary to popular misconception, the Japanese equity market is vibrant and appears compellingly attractive in valuation terms. GAM Investments’ Ernst Glanzmann and Reiko Mito explain why they are looking forward to the months and years ahead with considerable optimism.
While investor expectations seem increasingly negative, both bond yields and earnings expectations have been trending lower. Meanwhile, US and European equity markets are trading at levels slightly above where they were one year ago, and comfortably above where they began
White Paper Introduction Whatever price multiple of which you are a fan, whichever sectors you exclude, however you neutralize your exposures, whether you equal-weight or cap-weight, one thing remains true: cheap stocks have had an unhappy decade.1 In some cases
Small cap stocks within emerging markets have outperformed large cap stocks (i.e., MSCI EM) by around 0.5% annualized since January 2000. However, Illiquid stocks (regardless of capitalization) have outperformed large cap stocks by around 3%. This illiquidity premium is related
We believe low-beta equity opportunities can be found across all global markets and sectors. Investing in these opportunities with traditional low-beta strategies can incur unintended risks from significant country, sector, and duration exposures versus cap-weighted benchmarks. Actively managed strategies can
After an unexpectedly strong first half driven by re-rating, US stocks look set to resume earnings growth for the rest of the year. US EQUITIES: H2 TO SHOW EARNINGS IMPROVEMENT Despite negative headwinds such as slowing earnings growth and the
The integration of #ESG criteria often has a greater impact for emerging countries. Find out why in an interview with our expert #Karine_Jesiolowski (via @allnews_ch).
Fresh #StarkieBlog! https://t.co/YZrzQpIlIQ
Low interest rates drive housing market -> https://t.co/XjhuRim2P7 #Interest #mortgages via @ABNAMROeconomen
